Situation Report

"Good morning. It is the weekend and most markets are currently closed. However, let's get you up to speed on the significant shifts we saw as the week concluded.

Nikkei 225 shares concluded the week with a notable 2.33% gain, rising to 68309.46, while the US 10-Year Yield climbed 4.0 basis points to reach 5.277%. These movements reflect a tightening focus on the inflationary pressures signaled by the current yield curve trajectory despite a general lack of recent G10 economic data releases.

Investors are navigating a week marked by a strong move higher in the Nikkei 225 and a surprising recovery in Canadian stocks. Oil prices are trending lower as supply recovers and the G7 begins releasing emergency stockpiles, which helps keep energy-driven inflation fears in check. Gold is struggling as the US Dollar index maintains a three-week winning streak, reflecting the persistent pressure from rising Treasury yields. Watch for the US ISM Services PMI on October 5th, as it will be the first major read on economic activity after the recent fluctuations in the labor market.

Biggest Movers Right Now? VIX and WTI Crude Oil are down. Natural Gas, Nikkei 225, and Copper are up."